Nov (NOV) Cost of Revenue (2009 - 2026)

Nov's (NOV) quarterly Cost of Revenue came in at $1.7 billion in Q1 2026, up 1.03% year-on-year from $1.7 billion in Q1 2025, and up 11.83% quarter-over-quarter from $1.5 billion in Q4 2025.

Nov (NOV) Cost of Revenue (2009 - 2026) Analysis & Trends

Nov has disclosed Cost of Revenue across 18 years of filings, most recently posting $1.7 billion for Q1 2026.

  • Cost of Revenue for Q1 2026 came in at $1.7 billion, up 1.03% year-over-year; the trailing twelve-month figure through Mar 2026 was $6.6 billion (up 1.46% YoY), and the FY2025 annual result was $6.7 billion, up 1.76% from the prior year.
  • Cost of Revenue came in at $1.7 billion for Q1 2026 at Nov, up from $1.5 billion in the prior quarter.
  • In the past five years, Cost of Revenue ranged from a high of $1.8 billion in Q4 2023 to a low of $1.3 billion in Q1 2022.
  • The 5-year median for Cost of Revenue is $1.6 billion (2023), against an average of $1.6 billion.
  • Across the five-year window, Cost of Revenue soared 31.57% in 2022 and declined 18.85% in 2024, its largest moves.
  • Nov's Cost of Revenue stood at $1.6 billion in 2022, then rose by 13.25% to $1.8 billion in 2023, then slipped by 18.85% to $1.5 billion in 2024, then slipped by 0.13% to $1.5 billion in 2025, then grew by 11.83% to $1.7 billion in 2026.
  • The last three Cost of Revenue figures came in at $1.7 billion (Q1 2026), $1.5 billion (Q4 2025), and $1.8 billion (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cost of Rev (Qtr)
1 Slb 82.25 Bn 80.04 Bn 4.67 Bn 4.05 Bn
2 Baker Hughes 61.96 Bn 47.38 Bn 1.51 Bn 5.07 Bn
3 Halliburton 32.79 Bn 30.84 Bn 2.04 Bn 3.37 Bn
4 TechnipFMC 26.73 Bn 25.47 Bn 1.49 Bn 1.01 Bn
5 Enerflex 8.62 Bn 8.57 Bn - -
6 Nov 7.27 Bn 5.98 Bn 119.00 Mn 1.67 Bn
7 Weatherford International 6.99 Bn 5.94 Bn 876.00 Mn 276.00 Mn
8 Archrock 5.95 Bn 5.95 Bn 247.42 Mn 126.34 Mn
9 Kodiak Gas Services 5.60 Bn 5.50 Bn 222.88 Mn 122.88 Mn
10 Liberty Energy 4.61 Bn 3.91 Bn 177.37 Mn 843.82 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 1.67 Bn
Mar 31, 2026 1.67 Bn
Dec 31, 2025 1.50 Bn
Dec 31, 2025 1.50 Bn
Sep 30, 2025 1.76 Bn
Sep 30, 2025 1.76 Bn
Jun 30, 2025 1.66 Bn
Jun 30, 2025 1.66 Bn
Mar 31, 2025 1.66 Bn
Mar 31, 2025 1.66 Bn
Dec 31, 2024 1.50 Bn
Dec 31, 2024 1.50 Bn
Sep 30, 2024 1.72 Bn
Sep 30, 2024 1.72 Bn
Jun 30, 2024 1.63 Bn
Jun 30, 2024 1.63 Bn
Mar 31, 2024 1.70 Bn
Mar 31, 2024 1.70 Bn
Dec 31, 2023 1.85 Bn
Dec 31, 2023 1.85 Bn